Nasdaq · March 25, 2015
A slide just short of the high
-2.37%
single-day change vs previous close
Part of a longer stretch
The climb back to the level of 2000
near the end of it · 2012-11-15 → 2015-04-23, +78.22% over the whole period
What happened that day?
- The Nasdaq fell 2.37% on the day
- There was no single trigger. Biotech fell hardest and the index followed
- By now the index sat just below its March 2000 high. Selling near a long-awaited level is common
- Whether the Fed would raise rates that year was the market's theme. It would be the first rise since the crisis, so the timing made everyone jumpy
- A stronger dollar was also cutting the earnings outlook for companies that sell abroad
- A month later, on 23 April, the Nasdaq passed the 2000 high after fifteen years
Sources
Every figure on this page is recomputed from the original daily closing prices and checked against them at build time. The account of what happened is written from the sources listed above.